The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 6,805 MBBL last week to 414,194 MBBL from 407,389 MBBL. This is 11% below the 466,492 MBBL that was in storage at this point last year, and is 1% above the five-year average. This week’s build was unexpected, as the average analyst prediction called for a draw of 2,886 MBBL.

Gasoline inventories decreased by 0.7 MMBBL this week to 233.1 MMBBL. Fuel oil inventories rose by 3.6 MMBBL to 129.0 MMBBL. Overall, petroleum stocks excluding the SPR increased by 17.4 MMBBL to 1,227.3 MMBBL.

Preliminary data suggests over the past four weeks the U.S. produced 10,900 MBOPD, imported 8,116 MBOPD and exported 1,859 MBOPD.

The four-week average total crude oil inputs to refineries increased to 17,586 MBOPD, from 17,401 MBOPD. This means refineries are running at 96.2% of capacity. American refineries produced an average of 10,221 MBBLPD of gasoline and 5,222 MBBLPD of distillate fuel oil over the past four weeks.

Weekly Oil Storage: Surprise Large Build

Weekly Oil Storage: Surprise Large Build


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